The Department of Justice says "it will not challenge" formation of a limited liability company which will offer commercial insurance policies in excess of $250 million by combining the capacity of cu

J. Paul Condren, currently president for personal lines, will become president of commercial lines, and Timothy M. Sweeney, who is now executive vice president of distribution for personal lines, will

WASHINGTON--The Treasury department is maintaining its stance that insurers seeking federal bailout dollars must do so through a federal regulated entity, leaving those without a banking subsidiary or

According to S&P's analysis, the excess capital built by the sector, driven by two successive years of record profitability, has enabled most reinsurers to withstand the extreme stresses applied to b

Catastrophe modeling firm AIR Worldwide Corporation (AIR) said it has released a new flood model for Great Britain designed to help companies better asses flood risks for properties in England, Wales,

American International Group, Inc. announced today it has adopted voluntary restrictions on executive compensation that eliminate management bonuses this year and set Chief Executive Edward Liddy's pa

Contrary to conventional wisdom, the party controlling the White House has little or no effect on the industry's bottom-line profitability. In fact, you would be shocked to know which administration p

Is it too early to start talking about the 2012 presidential election? Not for political junkies like NU Editor In Chief Sam Friedman, who says that while Louisiana Gov. Bobby Jindal got his